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Techmeme
March 3, 2017, 2:45 PM
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Andrew Ross Sorkin / CNBC:
NBCUniversal invested $500M in Snap IPO as part of a strategic investment and partnership, making it the only US media company with a stake  —  NBCUniversal, a unit of Comcast and parent of CNBC, invested $500 million in Snap during its IPO as part of a strategic investment and partnership, according to sources.
Peter Kafka / Recode:
NBCUniversal CEO Steve Burke's note to employees: Snap investment “builds on our strategy to drive digital growth for our business”  —  Here's a note from CEO Steve Burke.  —  Comcast's NBCUniversal invested $500 million in Snap when it went public this week.
Wall Street Journal:
Snap closed first day of trading at $24.51 per share, 44% above original price of $17, valuing the company at around $34B
Natasha Singer / New York Times:
Apple's share of mobile devices shipped to schools has been surpassed by Microsoft and Google in recent years, as cheap Chromebooks and Windows laptops take off  —  Apple is losing its grip on American classrooms, which technology companies have long used to hook students on their brands for life.
Tony Cook / Indianapolis Star:
Mike Pence used an AOL account for sensitive emails when he was governor of Indiana, raising security and transparency concerns; the account was hacked in 2016  —  Vice President Mike Pence reportedly used a private email account to conduct public business, including homeland security matters, while he was governor of Indiana.
Karl Bode / DSLreports:
Chevrolet offers customers with OnStar Wi-Fi an unlimited 4G LTE data plan via AT&T for $20 per month  —  GM has announced it will be the first automaker to offer users an unlimited data options for owners of the company's LTE-connected automobiles.  If you've tracked in-car connectivity …
April Glaser / Recode:
Virginia becomes first state to legalize autonomous delivery robots on sidewalks, starting July 1; bots must not exceed 10 mph or weigh over 50 pounds  —  Idaho and Florida may be next.  —  Virginia has made robotics history.  The commonwealth is the first state to pass legislation allowing delivery robots …

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From Mediagazer

Winston Cho / The Hollywood Reporter:
Letter: Tennessee Deputy Governor Stuart McWhorter urged David Ellison to move Paramount's corporate headquarters from California to Tennessee

Reuters:
Sources: Lionsgate has attracted takeover interest from France's Bolloré Group, owner of Canal+, and Banijay, which just completed an $8B merger with All3Media

Naman Ramachandran / Variety:
BBC DG Matt Brittin says the BBC and UK public service broadcasting face “real jeopardy” as license fee erosion drives BBC's third consecutive annual deficit

More News

Earlier Picks

Darrell Etherington / TechCrunch:
After initially refusing, Uber says it will apply for a California DMV self-driving car testing permit
Chaim Gartenberg / The Verge:
Spotify says it has 50M paying subscribers, up from 30M in March 2016
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